Facebook owner Meta Announces Latest Layoff Meta, the Facebook owner has started notifying those employees who will be losing their jobs in the wave of 10,000 job cuts. Facebook owner Meta Announces Latest Layoff. According to Mark Zuckerberg, layoffs will make the company more efficient and improve its market value. Let go of 13% Staff Due to a sharp slowing down in the ads business last year Meta, who also owns Instagram and WhatsApp is experiencing immense financial pressure. Last year, it had already let go of 11,000 employees who were 13% of its total staff. The staff who received the latest notification regarding layoff have started looking for new job opportunities on various platforms like LinkedIn. Mark Zuckerberg said last year’s layoff was a ‘humbling wake-up call’. He had declared the March memo last year in which he talked about his future plans. Zuckerberg explained how cuts are necessary to adjust to the ‘new economic reality’ that enables the firm to invest in th...